£655,236
This estimated value is based upon the latest sale price for the house of £445,000 on 5 Dec 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £445,000 | 5 Dec 2014 |
| £83,000 | 30 Jun 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 135 sq meters or 1,458 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in December 2014 the House Price Index for GREATER LONDON was 99.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 47.244%.Applying this 47.244% change to the original purchase price of £445,000 results in an estimated price of approximately £655,236.
| 5 Dec 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 146.7 | 47.244 % | £445,000 | £210,236 | £655,236 |
The Postcode Pricing Model uses changes in average sales price within the RM11 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 26.105 % | £116,168 | £561,168 |
| 3 Month Average | 21.076 % | £93,787 | £538,787 |
| 6 Month Average | 32.290 % | £143,690 | £588,690 |
This house has a floor area of 135 sq meters or 1,458 sq feet when measured on 7 May 2010.
The average size of a house on CRANHAM ROAD is 100 sq meters (1,082 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Drugs | Local resolution | On or near Cranham Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Thorncroft |
| Jan 2024 | Burglary | Under investigation | On or near Osborne Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hazelmere Gardens |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Hazelmere Gardens |